Brief: Lindt Expects Operating Profit Margin Of 13-14% In 2021

Chocoladefabriken Lindt & Spruengli AG

02/03/2021 06:01

March 2 (Reuters) - Lindt & Spruengli  LISN.S :
    * SAYS BUYBACK PROGRAM FOR REGISTERED SHARES AND
PARTICIPATION
CERTIFICATES PLANNED IN THE AMOUNT OF CHF 750 MILLION, BEGINNING
JUNE 1, 2021 UNTIL DECEMBER 31, 2022
    * SAYS FOR THE YEAR 2021, LINDT & SPRÜNGLI EXPECTS TO REACH
ORGANIC SALES GROWTH OF 6-8%
    * SAYS CONFIRMS ITS UNCHANGED MEDIUM TO LONG TERM ORGANIC
SALES
GROWTH TARGET OF 5-7% P.A
    * SAYS IN 2021, IT EXPECTS THE OPERATING PROFIT MARGIN TO
INCREASE
TO A LEVEL OF 13-14% AND AIMS TO RETURN SUBSEQUENTLY TO A LEVEL
OF 15% IN 2022


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